Vanguard Group Inc. Purchases 135,380 Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

Vanguard Group Inc. grew its stake in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,866,040 shares of the restaurant operator's stock after acquiring an additional 135,380 shares during the quarter. Vanguard Group Inc. owned about 8.87% of Chipotle Mexican Grill worth $7,288,222,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMG. Geode Capital Management LLC raised its holdings in Chipotle Mexican Grill by 1.6% in the third quarter. Geode Capital Management LLC now owns 28,080,978 shares of the restaurant operator's stock worth $1,612,682,000 after buying an additional 438,007 shares during the last quarter. American Century Companies Inc. raised its holdings in Chipotle Mexican Grill by 0.8% in the 4th quarter. American Century Companies Inc. now owns 20,236,980 shares of the restaurant operator's stock worth $1,220,290,000 after acquiring an additional 166,767 shares during the last quarter. Franklin Resources Inc. lifted its position in Chipotle Mexican Grill by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 13,661,937 shares of the restaurant operator's stock valued at $805,692,000 after acquiring an additional 381,873 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in Chipotle Mexican Grill during the 4th quarter valued at $692,701,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Chipotle Mexican Grill by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 9,830,644 shares of the restaurant operator's stock worth $566,439,000 after purchasing an additional 518,521 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company's stock.

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Chipotle Mexican Grill Stock Down 0.2 %

CMG stock traded down $0.11 during midday trading on Tuesday, hitting $49.49. The company's stock had a trading volume of 11,348,955 shares, compared to its average volume of 13,043,617. Chipotle Mexican Grill, Inc. has a 12 month low of $47.55 and a 12 month high of $69.26. The company has a 50 day moving average of $54.40 and a two-hundred day moving average of $57.70. The firm has a market capitalization of $67.08 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts anticipate that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Cfra raised Chipotle Mexican Grill from a "buy" rating to a "strong-buy" rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Piper Sandler decreased their price objective on shares of Chipotle Mexican Grill from $60.00 to $59.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Stephens lowered their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $75.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus price target of $66.67.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.